china which bans crypto and does fud in a big way and also elonmusk who might say the same thing. And it has happened many times in the past, it's just that now Elonmusk is taking part in this role.
If the reason that the cryptocurrency price collapses again is because China prohibits the use of cryptocurrency then it has become a common thing, as happened several years ago China often carries out such controversies and makes drama so that the cryptocurrency price collapses into the abyss, this should be a good moment. right to buy as many coins as you can while the prices are still cheap. 
Topic: What could be the cause of the recent dip? (Read 652 times)
It was because many FUD news are spreading, recent biggest news was from china that they will ban crypto just like the issue back then in 2018.
Moreover with the new superstar crypto influencer, elon musk. Everything that has bad speculation with his new tweet always succesfully affect the market.
Moreover with the new superstar crypto influencer, elon musk. Everything that has bad speculation with his new tweet always succesfully affect the market.
Who really knows it is just a correction or this is a signal that the end of the Bull market, buddy, you have to make decision by yourself, it is your money.
Actually, i have lost a mount of money at this disaster day of crypto market too. Anyway, i have selected quit and take a break.
Actually, i have lost a mount of money at this disaster day of crypto market too. Anyway, i have selected quit and take a break.
Starting from Elon Musk's FUD regarding bitcoin and after that the existence of FUD from China regarding the Crypto ban made the price of bitcoin drop in a short time. and of course this can not be controlled by people. but in fact today the market started to experience a rebound in recovery. if you panic you will lose. when the market goes down it is time to buy not panic. prepare the right money management to be able to get the price you want
china which bans crypto and does fud in a big way and also elonmusk who might say the same thing. And it has happened many times in the past, it's just that now Elonmusk is taking part in this role.
If the reason that the cryptocurrency price collapses again is because China prohibits the use of cryptocurrency then it has become a common thing, as happened several years ago China often carries out such controversies and makes drama so that the cryptocurrency price collapses into the abyss, this should be a good moment. right to buy as many coins as you can while the prices are still cheap.But whatever it is, we should not take all these things negatively as bearish season carries out the best opportunity to earn and make profits in the future. The market will always have its own dump and pump market and that's inevitable so we should know how to live with it.
It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?
You hate what is happening now in the market because of the dip right? Well, for what is happening now for me is a normal thing and for you it is not a normal and yet your worried if your gonna sell your holdings. Actually, in my own opinion every movement in the market is just a temporary only, so for this case patience is the best tools for this at the moment.
Although there could be numerous reasons for the recent dump of the crypto market, but I think the major reason for this is because of the recent ban that china placed on all cryptocurrencies, along side the tweet by Elon musk that Tesla will stop accepting bitcoin payment.
Now there is some unfortunate news for cryptocurrencies, much of which has to do with China, because the decline in the cryptocurrency industry is happening in large numbers right now, so the answer is to be careful and wait for the remedy. The markets are now improving after an extremely large and fast drop. Hopefully, this was a mistake. I believe we saw a final tremor before Bitcoin's ascent to $ 70,000. I wish cryptocurrencies were more powerful than they are now.
It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?
Everyone felt the recent dump, as long as you are holding a volatile coin you would surely experience the massive drop in your portfolio, and I think this is just a market correction the dump was already going to happen the market has been overbought it needed a little correction I had no idea it will be that big, this dump is similar to 2017 only this time bitcoin has more of diamond hands than in 2017 when there were so many paper hands ready to dump their bitcoin,its better to hodl than sell in loss. 
It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?
i think you should hold and just wait for the prices to go back up, it's not a big deal, in fact you should have bought more when thing went down hill, i can see things going back to what it was a week ago in like two weeks. 
The market plunge of the past few days is a must as people rush to invest based on the Elon Musk hype.
They invest based on Elon Musk's words and it's not uncommon for them to rush out when Elon Musk says he doesn't accept Bitcoin.
They invest based on Elon Musk's words and it's not uncommon for them to rush out when Elon Musk says he doesn't accept Bitcoin.
The recent drop is the result of a technical pattern breakdown of the Bitcoin chart. I have seen traders predicting supports that Bitcoin could penetrate at $46,000, $42k and $38k respectively. Most of the above milestones have been passed. We are expecting Bitcoin to break through the $38k mark, if not, the next support will be at $35k and $32k.
Every time Bitcoin decreases in value, other cryptocurrencies will also decrease in value. That has become the norm in the cryptocurrency market.
There is no technical pattern that can predict the direction of bitcoin.Every time Bitcoin decreases in value, other cryptocurrencies will also decrease in value. That has become the norm in the cryptocurrency market.
People invest in bitcoin to make profit and Bitcoin grows based on news, if the news is good then bitcoin will go up in price and it will drop when there is bad news.
You can at least spend a few minutes to visit coindesk or cointelegraph and you will be seeing what the thing that causing this bearish trend for the crypto market.
https://cointelegraph.com/news/chinese-trade-associations-sound-crypto-investment-warning
There are some bad news came to the crypto and these news are very important for the crypto users.
https://cointelegraph.com/news/chinese-trade-associations-sound-crypto-investment-warning
There are some bad news came to the crypto and these news are very important for the crypto users.
China has been Fudding the Cryptocurrency community since ever since they banned token issuance and crypto trading back since 2017 and the exchange's action was to transfer their operation from other countries, this is not really new and it's a piece of old news, they keep on issuing a warning on the risk on investing in Cryptocurrency causing panic to Chinese investors and preventing new investors from coming in, that cause the dip is Elon's announcement that he will stop using Bitcoin to his companies, the Cryptocurrency community is ok and will continue to be so with or without Elon MUsk.
As the reason for the recent declines in the crypto money market, we can show the negative effects of Elon Musk on bitcoin and the news that China has issued on banning bitcoin. but it would be wrong to attribute the declines only to these effects. I hope these dips will be a correction. I think the bull season is not over yet. If this is the end of the bull season, the bear season looks like it will be tough.
what do you think of this discussion on 4chan? the message was sent before the crash and it seems that the prediction was accurate... could this really have been the reason?
https://boards.4channel.org/biz/thread/35710754
https://boards.4channel.org/biz/thread/35710754
I think the market drop of the past few days is manipulative by sharks, Elon Musk and most likely the Chinese government is among them.
They sold out of their Bitcoin in the last bull run and they need to make bad news to lower the price of bitcoin to be able to buy in.
They sold out of their Bitcoin in the last bull run and they need to make bad news to lower the price of bitcoin to be able to buy in.
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It feels really bad going through my portfolio on blockfolio to see massive downward movement in the value of my holdings. I really don't know if this is the usual market correction we have periodically or the end of the bull run. Is it wise to keep holding or take what's left?
One of the well known rules in crypto is that you don't loose until you sell, the market can go down to almost zero but if you trust the coins you hold to not be shitcoins, then keep holding them, it's gonna pay off someday, you loose your money the moment you click that sell button knowing you are selling at a loss, so it's better to be patient if you ask me, in my opinion, this is just a minor correction and I believe that soon enough the market will bounce back higher and stronger, maybe all that are grieved now will be very happy including you poster.
i feel you man .
its bad when we see our assets in red but whats good is we can buy additional supply if you are not contented yet with your portfolio .
this is not a correction because there is a bad news that is released last day but correction of the price could occur naturally without a bad news but the bull run didnt leave us i guess because prices of the coins dont drop massively .
its bad when we see our assets in red but whats good is we can buy additional supply if you are not contented yet with your portfolio .
this is not a correction because there is a bad news that is released last day but correction of the price could occur naturally without a bad news but the bull run didnt leave us i guess because prices of the coins dont drop massively .
looks like this is a big market correction and also added fud from elonmusk then news china banning crypto again of course made the market go down very deep, and also btc fell almost 50% in 1 day really a stepping phenomenon, so we might be ready for another dump otherwise the market will start moving upwards.
A huge fuds that really move the sentiments ofall those people around this sphere, it's unavoidable since the influence of social media and the negative effects of news about China create fears around this market.
We do need to reassess our position as chances that there are more news that may bring the market to fall more, doing your research will helps a lot in terms of decision making, you need to trust your own judgements and not to follow blindly.
Keep your guard up and never to rush dealing with your decision making. careful and wise to lessen the chance of failing to comply with the market trend.
Elon Musk and China combined caused the recent dip to happen. There was also an investigation started about Binance but I don't think that affected as much as Tesla's decision and China's cryptocurrency ban.
Clearly those are the main reason for the recent dip of crypto market. And nothing can stop the panic seller who dumped their coins after hearing those news. People still says that crypto has bright future. We have seen this type of movement in past too. Some people says ‘this is the end of cryptocurrency’. But in reality, crypto market become more strong as the time goes. ‘OP’ should take his decision more wisely. Don't sell your crypto with loss. Better to hold it for long, market will gain back it's position in future. Jump to: